Íslandsbanki hf. Overview
Pro stress-test →Íslandsbanki is an Icelandic bank with roots tracing back to 1875, formerly being the domestic part of Glitnir banki hf., but on 15 October 2008 being split from the bankrupt Glitnir and reestablished into a new independent bank. The sole operations of the bank is to manage a branch network in Iceland, with a 20%-40% market share across all domestic franchise areas.
Strategic Profile
Pro stress-test →The bank ranks as the 3rd largest bank in Iceland by total assets, having approximately 27.6% of the domestic market share in 2024. Íslandsbanki operates through Personal Banking, Business Banking, Corporate & Investment Banking, and Treasury segments, offering retail and corporate banking, investment banking, wealth and risk management, and asset financing services.
Competitive Landscape
Pro stress-test →Íslandsbanki competes as the 3rd largest bank in Iceland's relatively concentrated banking market. The main competitors are Landsbankinn hf. and Arion banki hf., which are the two largest banks. The Icelandic banking sector is characterized by limited competition due to the small population and economy, with Íslandsbanki maintaining strong domestic franchise but facing limited growth opportunities beyond Iceland.
Industry Context
Íslandsbanki hf. operates in Commercial Banking / Retail & Corporate Banking.
Key facts
Founded: 1875 · Headquarters: Kópavogur, Iceland · Employees: 861